BUSINESS
Hyundai Kona all sold out in India for 2019 despite Rs 24 lakh price tag
The compact sports utility vehicle, has seen cumulative bookings of 300 units since its launch in July this year. New buyers in India will get delivery only in 2020.
BUSINESS
Intense lobbying by Japanese companies forces Tata Motors to change stand on hybrids
Till now, the Mumbai-based company was working only on purely electric vehicle technology devoid of any significant plans for hybrids for the future
BUSINESS
This week in Auto: Vehicle scrapping policy in final leg; Should the government not interfere in technology development?
Here is the complete look at all the major headlines from the automotive sector.
BUSINESS
In the fast lane: Compact SUVs beat slowdown, overtake compact sedan numbers for 1st time ever
The compact SUV segment is the only one to have grown this fiscal.
BUSINESS
No more underreporting of faulty vehicle data, thanks to new Motor Vehicle Act
More than 2.12 lakh two-wheelers, cars and sports utility vehicles have been recalled between January-August by more than a dozen manufacturers
BUSINESS
This week in Auto: Bajaj Auto may make e-bicycles; car makers chase new buyers after demand meltdown
Here is the list of all the major news that made it to headlines in the auto space
BUSINESS
Exclusive | Bajaj, KTM to explore e-bicycles & performance electric two-wheelers
Plans are also afoot to launch a range of performance electric two-wheelers by 2022
BUSINESS
Fate of Bajaj Auto’s INS Vikrant-inspired bike hangs in balance
The poor performance by both models has given rise to speculations that the V brand will go the Discover way
BUSINESS
Truebil bets big on used-car market growth, looks to grow 5x this year
Currently, the start-up is enjoying Rs 30 crore of revenue every month while GMV (gross merchandise value) is around Rs 40 crore.
BUSINESS
This week in Auto: Car sales tumble in April, Hero bets on premium bikes yet again
Here is a list of all the important automotive stories that made headlines during the week
BUSINESS
Demonetisation has crippled cash market for used cars
Cash-based payment system formed 80% of used car transactions before November 8, 2016 which has shrunk to 34%
BUSINESS
Hero MotoCorp to nearly double FY20 capex to Rs 1,500 crore for Andhra plant, BS-VI lines
The Delhi-based manufacturer is setting up a new plant at a time when its peers are initiating production holidays and cutting back on output due to fall in sales for the past two consecutive quarters and higher inventory at dealers end
BUSINESS
Maruti cuts discounts by 38% sequentially ahead of BS-VI rollout
Maruti Suzuki said the average discount per vehicle offered to its dealers dipped to Rs 15,125 during Q4 from Rs 24,300 in Q3
BUSINESS
This week in Auto: Maruti to switch off diesel engines, Yamaha to revamp India play
Maruti Suzuki will phase out all models with diesel engines less than 1.5 litres in view of the Bharat Stage VI emission norms kicking in from April 1, 2020.
BUSINESS
FAME-II subsidy: Carmakers voice resent over exclusion of private vehicles
FAME-II does not provide incentives to private car buyers unlike FAME-I, where buyers benefited from a direct subsidy of Rs 1.38 lakh
BUSINESS
This week in Auto: Hyundai unveils new SUV, Bajaj launches Qute
Here’s a list of all the major development in the automotive space of the week
BUSINESS
DHL to add 10,000 trucks in India, bullish on growth prospects
The company entered the e-commerce solutions market last year and has added 745 trucks since then.
BUSINESS
Renault not in hurry to launch electric vehicles in India
Renault has multiple EV programs in progress for several countries including China.
BUSINESS
Honda CB300R India quota sold out, but bookings still open
Bookings for the bike, which costs Rs 2.41 lakh, swelled to 500 units within two months of the launch
BUSINESS
Renault bets on new launches to revive fortunes in Indian market
Renault will launch four products, including two all-new models, over a course of 15-18 months to resurrect its India operations.
BUSINESS
Two-wheeler production falls to its worst in five quarters
Increased insurance and product costs, tightened lending norms, high fuel prices, poor sentiments and demand saturation in certain segments such as scooters have affected retail off-take of two-wheelers.
BUSINESS
This week in Auto: PV sales slowest in 4 years; Can Ford give up India ops?
Here’s a rundown of all the major developments in the auto space this week
BUSINESS
Tech-based logistics start-up DOT looking for $25mn fund raising
These funds would be used by the company, which is valued at $75-80 million, to expand operations not just in India but in North America, Asia and the Far East as well.
BUSINESS
Greaves Cotton rolls out lithium ion e-scooters; CNG engines with 25% more mileage up next
Greaves will provide the technology for Ampere’s battery-powered scooters that are ready to hit the market this month. Ampere was using the old generation lead-acid battery technology since its formation 10 years ago.
